1992
1992 1992 Due to its small size and the support it enjoyed from across the Gulf of Finland, Estonia made a flying start in rearranging its economy — regardless of political background, the subsequent governments of the early 1990s pursued a neo-liberal 'shock therapy' approach which brought rapid privatisation, liberalisation of prices, and the establishment of a free foreign trade regime whilst maintaining the stability of the currency.
o As early as June 1992 Estonia became the first of the post-communist nations to carry through a daring currency reform
Estonian Air o Another addition to the new terms in the everyday language of the Estonians that arrived together with independent nationhood, is 'national carrier' dating from 1 December 1991
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